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The CBAM will begin to have a financial impact in 2026. Find out how importers need to prepare, what impact this will have on audits and provisioning, and how Grant Thornton can help.

In 2024, the International Accounting Standards Board (IASB), issued a new Standard IFRS 18 ‘Presentation and Disclosures in Financial Statements’. IFRS 18 replaces IAS 1 ‘Presentation of Financial Statements’ for annual reporting periods beginning on or after 1 January 2027.

The IFRS Foundation has issued 'Disclosures about Uncertainties in the Financial Statements,' addressing practical application of the disclosure requirements in IFRS Accounting Standards.

The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (IASB). These changes have the potential to significantly impact the presentation of a complete set of financial statements, and 2025 is no different.

Stay informed with Grant Thornton’s IFRS Alerts: IASB issues amendments to IFRS standards, including IFRS 19 and IAS 21, addressing disclosure simplifications for subsidiaries and clarifying foreign currency translation in hyperinflationary economies. Explore key updates and implications for financial reporting.

The popularity of cryptocurrencies has soared in recent years, yet they do not fit easily within IFRS’ financial reporting structure.

Revenue recognition is a critical aspect of financial reporting for all reporting entities. Ensuring it is applied consistently and comparably across industries and capital markets is essential.

Revenue recognition is fundamental in all businesses, and it is important that it is recognised in a consistent and comparable way across industries and capital markets.

Share-based payments have become increasingly popular over the years, with many entities using equity instruments or cash and other assets based on the value of equity instruments as a form of payment to directors, senior management, employees and other suppliers of goods and services.

Share-based payments have become increasingly popular over the years, with many entities using equity instruments or cash and other assets based on the value of equity instruments as a form of payment to directors, senior management, employees and other suppliers of goods and services.

We are pleased to announce the release of our 'IFRS Example Interim Condensed Consolidated Financial Statements 2025'. This publication is designed to support our clients in achieving high-quality and consistent application of IFRS standards. The Interim Financial Statements cover a six-month period starting from January 1, 2025, and have been meticulously updated to incorporate the latest changes in IAS 34 and other relevant IFRS effective for the year ending December 31, 2025. This resource serves as both an educational tool and a practical guide, illustrating typical transactions across various non-specialist sectors. While it provides a comprehensive example, we acknowledge that specific circumstances may require different approaches. We hope this publication will be a valuable asset for your financial reporting needs.

Our ‘Insights into IFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business.

"Explore insights into IFRS 3, focusing on recognizing and measuring goodwill or gain from a bargain purchase in business combinations. Understand the challenges and key aspects of applying IFRS 3 with practical examples and expert guidance."

Rising inflation has unexpectedly affected many Belgian companies, causing some to lose their ‘small company’ status under the Companies and Associations Code (CAC). In response, the European Commission updated the criteria in 2023, with new thresholds for turnover and balance sheet totals effective from 2024. These changes aim to alleviate the administrative burden on companies and ensure compliance with financial regulations.

The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (IASB). These changes have the potential to significantly impact the presentation of a complete set of financial statements, and 2024 is no different.

The International Accounting Standards Board (IASB) has issued amendments to IFRS 9 ‘Financial Instruments’ and some amendments have also been made to IFRS 7 ‘Financial Instruments: Disclosures’, following a post-implementation review (PIR) of IFRS 9. The amendments also include consequential changes to IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’ to reflect the amendments made to IFRS 7.